According to Prestige Wealth 's latest financial reports and stock price the company's current Operating Margin is -319.05%. At the end of 2023 the company had an Operating Margin of -319.05%.
Year | Operating Margin | Change |
---|---|---|
2023 | -319.05% | -576.97% |
2022 | 66.89% | 13.04% |
2021 | 59.17% | -19.01% |
2020 | 73.06% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.